• U.S. Weekly Highlights and Preview, December 7, 2018

    8 days ago - By Economy

    The Fed could opt for a dovish rate hike.
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  • US consumer borrowing climbed 7.73% in Oct. from a year ago

    8 days ago - By Chron

    WASHINGTON - Americans boosted their borrowing by 7.73% in October from a year ago, the largest increase in nearly a year as consumer spending has helped fuel U.S. economic growth.
    The Federal Reserve says consumer borrowing rose by a seasonally adjusted $25.3 billion in October to a total of $3.96 trillion. The October increase was more than double the gain in September.
    Much of the increase was due a 10.75% jump in revolving credit, a category that includes credit cards. Non-revolving credit - which includes auto loans and student debt - rose 6.67%.
    Economists and investors monitor...
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  • Fed policymakers signal turning point on U.S. rate-hike path

    8 days ago - By Reuters

    The U.S. central bank is flagging a turning point in monetary policy, as a Federal Reserve policymaker on Friday backed interest rate hikes in the "near term" but nodded to increasingly less certainty ahead.
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